2114 W Florence AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90047
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25170709
Year Built 1955
Lot Size 2,552 Sqft
Property Sub-Type Quadruplex
Property Description
This QUAD is great for an FHA buyer who can live in the VACANT STUDIO while renting out the other 3 units. It provides a great income for any home buyer or investors who would like to have a positive cash flow from day way. POSSIBLY ZONED FOR A MOTEL- BUYER TO CONFIRM!
The units are THREE studios and ONE - 1 bedroom 1 bath with one of the STUDIO's BEING DELIVERED VACANT!
Tenants are mix of section 8 and other government subsidies and one traditional tenant with all rents always being paid on time and super easy going tenants. The rents are $1750 and $950 for each studio and one studio is becoming vacant while the 1 bedroom is getting $1850 in rent. In addition, the 3 parking spots are rented out to a separate entity at $400/ month with a 1 year lease agreement (8 months to go).
A TOTAL OF $6300 monthly income or $75,600/ annual income with the last studio being rented out at $1750 as well and a TOTAL OF $81,400/ annually including the parking income.
This wont last so submit your offer today!
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LAC2
Interior
Fireplaces Type None
Laundry None
Exterior
Pool None
Community Features Curbs
Building
Lot Description Walkstreet
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard